Baytex Energy Corp T.BTE

Buybacks/FCF

[ManitobaCanuck]

Just doing fun math .
At current strip .
Baytex+Ranger will produce 1bill combined FCF with total share count of 840 million.
Remember WTI >75 still .
25% is to share buybacks currently and 50% once merger closes in q2 end.

So thats approx 375mill to share buybacks ,so at 5 bucks thats 75 million bought back which is share count down to 775 million . In 2 yrs they will can reduce  debt to 1.5 bill  and sharecount to 690 million (if share price remains 5$) .
If stock price ramins 5$ and its 1 bill to buybacks then its 200 million of sharecount wiped out further and count drops to 490million.

[Snowballer]

Yeah we know the 2 yr drill all too well... "just give it another two years and it will have been totally worth it" lol  Longs still long from 2016 haha and if that hasn't thought anyone a lesson that's on them. Didn't even pay a dividend. Enormous opportunity cost to diamond hand longs. Giant waste of money,... dead money.  Date it don't marry it. 

[JohnnyDoe]

And yet here you are, babbling away. I got a little secret for you. Life's most precious commodity is time. You appear to be wasting a lot of yours in here preaching to an audience that isn't really interested in your message. Think about that for a while. Maybe look into putting your skills to use somewhere where they might do society some good. 

[Snowballer]

Ah, another a self appointed board representative I see living out his days doling out lessons of rich irony in the same room of mirrors. Hahaha 

[Cobalt]

Sorry to say but he has been closer to right then any long on this board I for one will read his posts first over anyone else here. There was so much fomo on this board led by wolf, he never bought in always kept that in check looked at things deeper then too the moon this winter EU will freeze even GTA will finally wake up when they freeze i did get a good laugh out of that one.

[riski]

Sure he's been right a lot, but being out and bashing on an oil stock is an easy gig. The ratio of red:blue days is is always going to be high because that's the nature of commodities. They trickle down and occasional signficant moves down mixed in with quick, big upward re-rates. It's always been like this. As an investor, you just want the re-rates to cover all the red days which

[riski]

Yes you can see the value and torque. It's going to take the market time to churn as those doing these calculations take shares from those who are still thinking about the numbers in terms of old baytex. These are big numbers - both share count and debt, but very manageable for a company producing 1B fcf at $75 WTI and lots of torque upside optionality.  There is a reason we suddenly

[Cobalt]

Oh boy we have another who believes the same 100 readers for the last year will take investment advice from a few bear posts to the degree of moving a multi billion market cap so these bears can buy in cheaper. FYI readers JPM now say 90% of all market trades are algos , maybe the algos can start using chatgpt for writting bear posts some day LOL

[GambinoB]

But if chatgpt replaces you lame Canadian bears what will you do with all the spare time. Ice fish? I do laugh at all the loser posters bulls and bears Tbh most of you dont have a life. Me im here for kicks cause it is fun to watch the sheetz show between all the clowns here Lmfao Canadians worthless bunch really Thank god an Amerocan running it now. You guys up there are dumb. Mudt be the

[dllscwbysfn]

90% Algos. They must suck because there is barely a mutual fund out there that made money last year. Can you steer me to a fund that makes me a measily .5%/ week. thats only.1% /day. Should be easy just use this algo fund. Because honestly if algos are so great why isnt everybody a billionaire like Cobalt. You wouldnt even need a stock market becuase the algos are trading everything against each

[Cobalt]

I beat that last year with just Macro and TA no algo lol send the money over i will run it for you ;p 

[dllscwbysfn]

I guess this year you will hit your second billion. Cheque is in the mail

[Cobalt]

Here ya go try these guys "Kinetics Small Cap took home the crown with its 31.9% gain. The Paradigm fund gained 29.2% To outperform in 2022 required a fund’s manager to have taken outsize positions in the energy sector—the only one of the 10 industries that make up the S&P 500 to record a gain in 2022." too much stress running other peopls money i know, keep the check

[dllscwbysfn]

To be fair now pull up the 10 worst algo funds. I sent that cheque already. Forgot to sign it though, lol.

[dllscwbysfn]

I figured that would end the conversation. But just for fun did you know BTE way outperformed that fund last year and is also outperforming it this year. Put that in your algo pipe and smoke it

[Cobalt]

Ya i got board looking it up for you , working on gold charts